top of page
Search

Reporting for LTD

  • Writer: James
    James
  • May 14
  • 1 min read

Updated: Jun 2



ree

LTD stands for Limited Company, a UK business structure where the liability of the founders is limited to their shares in the company’s share capital.


All companies, including LTDs, must file a Confirmation Statement (form CS01) with Companies House. This general report updates details such as the company’s name, registration number, address, directors, and shareholders. Additionally, LTDs must submit a Corporation Tax Return (CT600) to HM Revenue & Customs (HMRC), including information on taxable income.


The corporation tax rate for LTDs is 19% for profits up to £50,000 and 25% for profits above £250,000, with marginal relief for profits in between. In certain cases, such as Patent Box relief, the rate can be reduced to 10%. LTDs may also be liable for Value Added Tax (VAT) at a standard rate of 20%, though a reduced rate of 5% applies to specific goods and services.


How do you lower your taxes? The accountants at Foundry Accounting will tell you about it!



 
 
 

Comments

bottom of page